China Says Southeast Nuclear Plant Part Of Stimulus Plan
Monday November 24th, 2008 / 12h29
SHANGHAI (AFP)--China National Nuclear Corp., the country's biggest nuclear reactor builder, said Monday it has begun building a plant in the southeast as part of the government's economic stimulus plans. The CNY100 billion ($14.6 billion) plant in Fuqing in the province of Fujian will have six 1,000-megawatt reactors, the state-run company said in a statement. China announced a CNY4 trillion stimulus package Nov. 9 in which it plans to spend on infrastructure and other projects until 2010 to help the country weather the global finance crunch. China has been seeking to expand its use of nuclear power, which accounts for less than 2% of its total energy production. The fast-growing economic power is highly dependent on coal, which is blamed for worsening pollution and proved risky when supplies were cut off by severe snowstorms during the winter. China has 11 nuclear reactors in operation and will need up to 30 more atomic power plants if it expects to realize its target of producing 40 gigawatts of nuclear energy by 2020. Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=XArlKZdU3IpnWbzCSPbKCA%3D%3D. You can use this link on the day this article is published and the following day.
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